BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRAI
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IRDAI
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SEBI
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LIC of India
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Detailed explanation-1: -Life Insurance Corporation (LIC) of India has the sole privilege to operate the Pradhan Mantri Vaya Vandana Yojana (PMVVY).
Detailed explanation-2: -The Pradhan Mantri Vaya Vandana Yojana (PMVVY) scheme is provided by the Life Insurance Corporation (LIC) of India. Life Insurance Corporation (LIC) is the only operator for this scheme.
Detailed explanation-3: -PMVVY is an insurance policy-cum-pension scheme that provides security to senior citizens. This pension plan is provided by Life Insurance Corporation (LIC) which caters to one’s need for post-retirement financial planning. Direct Benefit Transfer (DBT) Social Security & Pensioners.
Detailed explanation-4: -The Government of India introduced the Pradhan Mantri Vaya Vandana Yojana scheme in 2017 to provide social security to elderly Indian citizens aged 60 years and above.